Avesoro Resources Inc. CHANGE OF NOMAD AND APPOINTMENT OF JOINT BROKER (6263H)
March 14 2018 - 3:02AM
UK Regulatory
TIDMASO
RNS Number : 6263H
Avesoro Resources Inc.
14 March 2018
14 March 2018
Avesoro Resources Inc.
TSX: ASO
AIM: ASO
CHANGE OF NOMINATED ADVISOR AND APPOINTMENT OF JOINT BROKER
Avesoro Resources Inc., ("Avesoro" or the "Company"), the TSX
and AIM listed West African gold producer, is pleased to announce
that finnCap Limited has been appointed as Nominated Advisor
("Nomad") and Joint Broker to the Company with immediate
effect.
The Company's advisory group now consists of finnCap, acting as
Nomad and Joint Broker, with Berenberg and Hannam and Partners
(Advisory) LLP acting as Joint Brokers.
Contact Information
Avesoro Resources Inc. Camarco
Geoff Eyre / Nick Smith Gordon Poole / Nick
Tel: +44(0) 20 3874 4740 Hennis
Tel: +44(0) 20 3757
4980
----------------------------- ----------------------------
finnCap Berenberg
(Nominated Adviser and (Joint Broker)
Joint Broker) Matthew Armitt / Charlotte
Christopher Raggett / Sutcliffe
Scott Mathieson / Emily Tel: +44(0) 20 3207
Morris. Tel: +44(0) 20 7800
7220 0500
----------------------------- ----------------------------
Hannam & Partners
(Joint Broker)
Rupert Fane / Ingo Hofmaier
/ Ernest Bell
Tel: +44(0) 20 7907 8500
----------------------------- ----------------------------
About Avesoro Resources Inc.
Avesoro Resources is a West Africa focused gold producer and
development company that operates three gold mines across West
Africa and is listed on the Toronto Stock Exchange ("TSX") and the
AIM market operated by the London Stock Exchange ("AIM"). The
Company's assets include the New Liberty Gold Mine in Liberia (the
"New Liberty Gold Mine" or "New Liberty") and the Youga and Balogo
Gold mines in Burkina Faso ("Youga" and "Balogo").
New Liberty has an estimated proven and probable mineral reserve
of 7.4Mt with 717,000 ounces of gold grading 3.03g/t and an
estimated measured and indicated mineral resource of 9.6Mt with
985,000 ounces of gold grading 3.2g/t and an estimated inferred
mineral resource of 6.4Mt with 620,000 ounces of gold grading
3.0g/t. The foregoing Mineral Reserve and Mineral Resource
estimates and additional information in connection therewith is set
out in an NI 43-101 compliant Technical Report dated November 1,
2017 and entitled "New Liberty Gold Mine, Bea Mountain Mining
Licence Southern Block, Liberia, West Africa" and is available on
SEDAR at www.sedar.com.
Ndablama has an estimated indicated mineral resource of 7.6Mt
with 386,000 ounces of gold grading 1.6 g/t and inferred mineral
resource of 9.6Mt with 515,000 ounces of gold grading 1.7 g/t.
Weaju has an inferred mineral resource of 2.7Mt with178,000 ounces
of gold grading 2.1 g/t. The foregoing Mineral Resource estimates
and additional information in connection therewith is set out in an
NI 43-101 compliant Technical Report dated December 1, 2014 and
entitled "Ndablama and Weaju Gold Projects, Bea Mountain Mining
Licence Northern Block, Liberia, West Africa" and is available on
SEDAR at www.sedar.com.
Youga and Balogo have a combined estimated proven and probable
mineral reserve of 9.3Mt with 513,000 ounces of gold grading 1.7g/t
and a combined estimated indicated mineral resource of 16.05Mt with
801,600 ounces of gold grading 1.55g/t and a combined inferred
mineral resource of 13Mt with 655,000 ounces of gold grading
1.57g/t. The foregoing Mineral Reserve and Mineral Resource
estimates and additional information in connection therewith is set
out in two NI 43-101 compliant Technical Reports, dated June 16,
2017 entitled "Mineral Resource and Mineral Reserve Update for the
Balogo Project" and dated June 19, 2017 and entitled "Mineral
Resource and Mineral Reserve Update for the Youga and Ouaré
Projects" and are available on SEDAR at www.sedar.com.
For more information, please visit www.avesoro.com
Qualified Persons
The Company's Qualified Person is Mark J. Pryor, who holds a BSc
(Hons) in Geology & Mineralogy from Aberdeen University, United
Kingdom and is a Fellow of the Geological Society of London, a
Fellow of the Society of Economic Geologists and a registered
Professional Natural Scientist (Pr.Sci.Nat) of the South African
Council for Natural Scientific Professions. Mark Pryor is an
independent technical consultant with over 25 years of global
experience in exploration, mining and mine development and is a
"Qualified Person" as defined in National Instrument 43 -101
"Standards of Disclosure for Mineral Projects" of the Canadian
Securities Administrators and has reviewed and approved the
scientific and technical disclosures contained in this
announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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